The Elderly Rapidly Adopting Smart Home Healthcare Technology; Market Poised for Healthy Growth
Surging geriatric population as well as rising demand for personalized healthcare, mHealth technologies and advanced smart home healthcare technologies are taking the smart home healthcare market forward. Valued in 2017 by P&S Intelligence at $4.5 billion, the domain size is predicted to grow to $30.0 billion by 2023 at a 37.3% CAGR during the forecast period 2018–2023. Smart home healthcare refers to the use of IT-enabled devices at home for healthcare applications, including safety and security monitoring, fall prevention and...
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